The global shift toward electric vehicles (EVs) has ignited a fierce rivalry between two industry giants: China’s BYD and America’s Tesla. In 2024, BIS Research reported that BYD surged ahead with $107.2B in revenue, overtaking Tesla to become the world’s top EV manufacturer. 📈
What powered BYD’s rise?
Expansion into markets like Thailand, Brazil, and Germany
Strong focus on Battery EVs (BEVs) & Plug-in Hybrids (PHEVs)
Full transition to eco-friendly models since 2022
Competitive pricing that undercut rivals
The report highlights a Thucydides Trap-like tension — not just between companies, but also between the US and China, as tech supremacy becomes geopolitical.
But let’s not count Tesla out yet. The EV race is tighter than ever, and the next few years will be game-changing for the industry.
Read Full Article :- Chuanfu’s BYD vs Musk’s Tesla: Who Won Electric Vehicles Race in 2024 ?
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